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11/1/24, 4:13 PM Alef Education maintains impressive growth momentum in Q3
Alef Education Holding Plc (Alef Education), an award-winning AI-driven learning solutions provider based in Abu Dhabi, has announced its
financial results for the period ending 30 September 2024. It marks Alef Education’s second set of results since its successful IPO in June
2024. Image courtesy: Alef Education
EARNINGS
Alef Education maintains impressive growth
momentum in Q3
Recording Revenues of 551M with Adjusted EBITDA Surging 6%
Press Release
October 31, 2024
Adjusted Net Profit before tax rises to AED 379 million on the back of stable revenue performance,
with margin expansion increasing to 69%.
Adjusted EBITDA rises by 6% year-on-year to reach AED 395 million, reflecting Alef Education’s
market leadership and resulting in an Adjusted EBITDA margin of 72%, significantly exceeding
industry benchmarks.
Underpinned by a stable revenue base and bolstered by the continued strength of a strategic B2G
contract, revenues reach AED 551 million, marking a 2.5% year-on-year increase.
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